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Monday, May 12, 2008

The CMO Summit - Take Aways & Questions for Marketers - Part 1

I spoke recently on “Cultivating a Strategic Perspective” at The CMO Summit sponsored by marcus evans. I spent most of my time on the B2B side, and there were a number of valuable sessions.

From my notes and “ideas” list, here are the first five stand out ideas along with related QTM’s (questions to marketers) from various presentations; we’ll have a second five from the conference tomorrow:
  • Kevin Young from LandAmerica delivered a kick-in-the-head on solid business fundamentals that Jay Conrad Levinson introduced as “Guerrilla Marketing.” In developing leads, look at all the available free and low-cost tools you have at your disposal (click here for a set of questions to help target tools for your business). QTM: When was the last time you did a 6-degrees of separation exercise to identify how you can easily get to your hard-to-reach decision makers through a contact you both know?
  • Stewart Stockdale from Simon Property Group shared a fascinating case study on how the company has turned marketing into a profit center, looking at its shopping center assets and visitors as media outlets and audiences, respectively. QTM: When is the next time (hopefully SOON) you’ll look at turning your business model on its head to find new growth opportunities?
  • Marketing legend Dr. Phil Kotler made the point that a CMO’s chief role includes seeding strong marketing people and processes throughout the organization. QTM: Are we all investing enough time and effort on this and the related area of team development?
  • My good friend, Nicholas de Wolff from Thomson used an intriguing audience participation exercise. He had one person try to name nearly 30 brands based only on their logos (he missed just two). Nicholas then challenged all of us to think about whether our brands could be recognized based only on our logos. QTM: Well, could they?
  • Keith Pigues from PlyGem shared results of a new B2B trend study from the Institute for the Study of Business Marketing. Keith heads the national Business Marketing Association; I was just selected for the national board. If Keith is representative of the passion, intellect, and drive of the other members, I’m even more excited about this opportunity. QTM: How are you giving back to our profession?

Check back tomorrow for another 5 take aways from The CMO Summit.

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